The price of Pepe coin (PEPE) is gaining bullish momentum after a week of constant declines.
PEPE is up by 13.5% in the past 24 hours and is trading at $0.00000694 at the time of writing. The asset’s market cap increased to $2.92 billion, making it the 35th-largest digital currency.

佩佩币 (PEPE) 的价格在经历了一周的持续下跌后，正在获得看涨势头。PEPE 在过去 24 小时内上涨了 13.5%，在撰写本文时交易价格为 0.00000694 美元。该资产的市值增至 29.2 亿美元，成为第 35 大数字货币。

PEPE price, RSI, active addresses and exchange activity – May 2 | Source: Santiment

PEPE 价格、RSI、活跃地址和交易活动 – 5 月 2 日 |资料来源：Santiment

Moreover, the meme coin’s daily trading volume witnessed a 24% surge, reaching $1.14 billion.
The Pepe token, inspired by the popular 2000s Pepe The Frog meme, was created in April 2023. The asset has recorded a 12,200% rally since its creation and an all-time high of $0.0000107 on March 14, with its market cap reaching $4.2 billion.
It’s important to note that PEPE is currently the third-largest meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB).
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According to data provided by Santiment, the PEPE exchange inflow declined from 5.57 trillion tokens to 5.47 trillion tokens over the past 24 hours. The exchange outflow, however, registered a small hike and is hovering at 6 trillion PEPE.
This market behavior shows that investors are slightly accumulating the meme coin rather than selling for short-term profit. 
Data from the market intelligence platform shows that the number of Pepe daily active addresses has consistently increased over the past three days — from 2,670 on April 29 to 3,249 unique wallets at the reporting time.
When the price surges along with the number of active addresses, lower price volatility is usually expected due to a lower chance of whale manipulation. 
On the other hand, the PEPE Relative Strength Index (RSI) surged from 64 to 72, showing signs of overheating, per Santiment. At this point, the RSI indicator suggests that PEPE is moderately overvalued, and high price volatility is usually expected in these market conditions.
An RSI of below the 50 mark could potentially suggest a further price hike for PEPE.
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此外，meme 币的日交易量激增 24%，达到 11.4 亿美元。Pepe 代币于 2023 年 4 月创建，灵感来自 2000 年代流行的 Pepe The Frog meme。该资产自创建以来已上涨 12,200%， 3 月 14 日创下 0.0000107 美元的历史新高，市值达到 42 亿美元。值得注意的是，PEPE 目前是继狗狗币 (DOGE) 和柴犬 (SHIB) 之后的第三大模因币。您可能还喜欢：随着现货 ETF 流出量的增加，比特币价格可能保持平稳 根据 Santiment 提供的数据，过去 24 小时内 PEPE 交易所流入量从 5.57 万亿个代币下降至 5.47 万亿个代币。然而，交易所流出量小幅上涨，徘徊在 6 万亿 PEPE。这种市场行为表明，投资者正在小幅积累 meme 币，而不是为了短期利润而抛售。市场情报平台的数据显示，过去三天，Pepe 的每日活跃地址数量持续增加——从 4 月 29 日的 2,670 个独立钱包增加到报告时的 3,249 个独立钱包。当价格随着活跃地址数量一起飙升时，由于鲸鱼操纵的可能性较低，通常预计价格波动较小。另一方面，据 Santiment 报道，PEPE 相对强弱指数 (RSI) 从 64 飙升至 72，显示出过热迹象。此时，RSI 指标表明 PEPE 被适度高估，在这些市场条件下通常预计价格会出现大幅波动。RSI 低于 50 大关可能表明 PEPE 的价格进一步上涨。阅读更多：加密货币黑客造成的损失4 月份下降 67% 至 6000 万美元